At-Large Trustee

Job Description:

Responsibility of the Board of Administration

The Board is responsible for overseeing the management of the business and affairs of the Seattle City Employees’ Retirement System (SCERS) in accordance with applicable laws. SCERS’s assets are held in trust. The Board has a fiduciary responsibility for those assets. The two key fiduciary responsibilities are the duty of prudence and the duty of loyalty. The duty of prudence is largely about process and ensuring an investment process was prudent. The duty of loyalty requires the trustee to act “with an eye single to the interests of the members and beneficiaries”. Please visit the Board’s website for more information.

All trustees serve on the Board of Administration, as well as the Investment Committee.  Board of Administration meetings are currently held on the second Thursday of each month from 10:00 am to noon. Investment Committee meetings are held on the last Thursday of each month from noon to 2:00 pm.   Members may attend in-person or virtually.

Eligible Candidates

The Board position selected by the other six Board members cannot be a City employee or a retired City employee and cannot be a member of SCERS.

Desired Qualities of Applicants

• Lives or works in the Seattle area
• Ability to make 80% of all meetings for the 3-year term
• Some knowledge of investments and investment strategies (preferred, but not required)
• Ability to understand fiduciary responsibilities
• Bachelor’s degree in Business, Accounting, Economics, or a similar field (or a combination of education and/or experience that provides an equivalent background)
• Experience working on or for a Board or Commission (preferred but not required)

Please email Nina Melencio at [email protected] for application materials.  Completed applications are due by 4:00 pm on March 15, 2023.